Too early to talk of rate cuts

Too early to talk of rate cuts – ECB

By Agence France-Presse

Jan 27, 2024 12:21 am

FRANKFURT, Germany: The European Central Bank (ECB) froze borrowing costs again on Thursday and expressed caution on inflation, with president Christine Lagarde saying it was still too early to consider rate cuts.

The third consecutive pause since October leaves the ECB's benchmark deposit rate at a record high of 4 percent, following a historic run of hikes to tame prices that shot up after Russia's war in Ukraine.

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